Stock Skyrockets 10% After Receiving DGCA Approval for Its Drone Model
Bengaluru, June 11 -- The share of this company, which specializing in electronic weighing scales, currency counting machines, and digital fare meters sold under their flagship brand, Phoenix, gained focus after DGCA approval
With a market capitalization of Rs 196 crore, Nitiraj Engineers Ltd's shares on Thursday made a day high of Rs 202 per share, up by 9.4 percent from its previous day's close price of Rs 184.63 per share. The share of the company gave a return of 270 percent over the last five years.
What happened
Nitiraj Engineers Ltd has received a Type Certificate from the Directorate General of Civil Aviation (DGCA) for its agricultural drone model, NADR10. The certification, issued under the Drone Rules, 2021, confirms that th...
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